Lead defendant in multimillion-dollar boiler room scam that targeted timeshare owners pleads guilty to wire fraud.
Judge finds probable cause to believe he committed new fraud scheme in violation of his bail conditions.
The Justice Department sued five individuals and 11 firms allegedly behind a timeshare fraud scheme that scored more than $90 million from victims.
"Business owner indicted for timeshare fraud scheme and failing to pay more than $333,000 in federal taxes.”
“Two sentenced for operating a timeshare resale scam business that affected more than 8,000 victims nationwide, many of them elderly.”
"A former Long Beach resident sentenced to 121 months in federal prison for leading a telemarketing scheme used to scam dozens of timeshare owners out of more than $5 million."
